Plus-Managed Network Switch Market - Forecasts from 2024 to 2029

The Plus-Managed network switch market was valued at US$1, 503.17 million in 2022.

Plus-Managed Network Switches are network gadgets that help better manage network infrastructure. Such switches enable ethernet devices to communicate with one another and include features for configuring, managing, and monitoring traffic on a Local Area Network (LAN). Owing to their network monitoring features such switches are used in small enterprises and data centers. The bolstering growth in such applications is expected to propel the overall market growth.

Market Drivers

Surging small business establishments bolsters the plus-managed network switch market growth.

Plus-managed network switches play a vital role in delivering essential networking features at a very affordable price and provide network monitoring, traffic prioritization, and network segmentation to small businesses. It has the advantage of being plug-and-play, making it ideal for small-to-medium-sized businesses. The growing MSME establishments are expected to positively impact the market demand for plus-managed network switches. For instance, as per the U.S. Small Business Association (SBA), there are 33.2 million small businesses in America accounting for 99.9% of all firms.

Rise in data center establishment drives plus-managed network switch market growth.

Plus-managed switches are particularly designed for enterprise-sized businesses with a much larger network scope, or forbusinesses that use data centers and require much more control over the traffic within their network. New data center establishments and launches have paved the way for future market growth. For instance, in March 2023, OVHcloud announced the opening of its first data center in India as part of its Asia Pacific expansion plans, which include the construction of two additional data centers in Singapore and Australia by the end of next year.

Improvement in internet bandwidth drives the plus-managed network switch market expansion.

Plus-managed switches play a vital role in increasing bandwidth and speed. With the growing demand for faster data transfer rates, there has been a push for network switches that enable higher bandwidths, such as 10 Gigabit Ethernet (10GbE) and 25 Gigabit Ethernet (25GbE). Switch technology advancements are likely to continue improving speeds to meet the expectations of modern applications and data-intensive workloads.

North America is anticipated to dominate the market.

North America is projected to account for a major share of the plus-managed network switch market owing to the region’s robust growth in high-speed connectivity. Us and Canadian governments are initially investing to increase internet connectivity access and low latency to their end-users which gains substantial growth in the region. For instance, in August 2021, The Canadian and Ontario governments invested over $362 million to bring high-speed Internet to Eastern Ontario. Member of Provincial Parliament for Etobicoke Centre, emphasized a $362 million joint investment to bring broadband internet access to 90, 124 rural the province of Ontario households in Eastern Ontario.

Market Challenges

High maintenance will restrain the plus-managed network switch market growth.

The high maintenance costs associated with plus managed network switches and different levels of complexity depending on the business sizes and network traffic can negatively impact the plus managed switch market's growth. Furthermore, the cost of replacing and repairing the managedswitch is high, resulting in additional upfront costs.

Market Developments

• October 2023-Teltonika Networks launched its first managed switch product line. The Teltonika TSW202 and TSW212 managed switches are compatible with our Remote Management System (RMS), allowing you to monitor and manage them remotely. This gives you detailed device performance analytics as well as complete control over the status and configuration of your switches. Using the Scheduling function, it can also manage your network's bandwidth and determine how the operational processes of your managed switches are organized, controlled, and optimized.
• August 2023-Hikvision introduced a new generation of smart managed switches, which combined with the Hik-Partner Pro mobile app, allow installers to remotely deploy and configure security systems with comprehensive operation and maintenance capabilities. This new generation of Smart Managed Switches has a strong architecture and PoE ports with 6 KV surge protection. Hikvision's new generation of Smart Managed Switches combines connectivity with overall security system management via its mobile app, Hik-Partner Pro.

Company Products

• NetGear Plus Switch (MS108EUP)-NetGear Plus Switch (MS108EUP) has 8 1G/2.5G ports, 4 PoE+ ports, and 4 Ultra60 PoE++ ports, making it an ideal switch for WiFi 6 AP connectivity, IP surveillance, and other applications.
• NetGear Plus Switch Series (JGS516PE)-In addition to the plug-and-play Gigabit Ethernet connectivity, these switches include essential networking features such as VLAN, QoS, IGMP Snooping, and port mirroring.
• TP-Link TL-SG3452XP-TP-Link TL-SG3452XP provides high-bandwidth connectivity and non-blocking switching capacity with four 10 Gbps SFP+ slots. It integrates into Omada SDN for cloud access and remote management.
• Cisco Catalyst 2960 Plus Switch-Cisco Catalyst 2960-Plus Version Switches are fixed-configuration fast ethernet switches that offer enterprise-class layer 2 switching for branch locations, traditional workspaces, and infrastructure applications. Through a variety of Cisco IOS software features, including Cisco Catalyst Smart Operations, they enable reliable and secure operations at a lower total cost of ownership.

Segmentation

By Network Speed

• 1GbE
• 2.5GbE
• 5GbE
• 10GbE

By Port Type

• 5-Port
• 8-Port
• 12-Port
• Others

By Enterprise Size

• Small
• Medium
• Large

By Geography

• North America
• USA
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Others
• Europe
• Germany
• UK
• France
• Spain
• Others
• Middle East and Africa
• Saudi Arabia
• UAE
• Others
• Asia Pacific
• China
• Japan
• South Korea
• India
• Australia
• Others